Company Announcement

06 / 03 / 2018

Further to the announcement on 10 October 2017, the Board of the Company is pleased to announce that as of 6 March 2018, PraxisIFM has finalised the acquisition of KOMPAS International, a boutique international expansion and corporate services company. The acquisition is part of PraxisIFM's larger overall goal to grow its international reach. The KOMPAS team, consisting of ten professionals, will continue their services under the name PraxisIFM Netherlands.

PraxisIFM CEO Simon Thornton is pleased with the new expertise that will infuse the PraxisIFM Group. 'At the heart of our business is serving our clients' needs, and their outlook is increasingly internationally focused. The KOMPAS team has a wealth of knowledge about supporting companies on this global level, which is invaluable to us and to our clients.'

Acquiring the Dutch company also means that the PraxisIFM Group adds a strategically advantageous location in Europe, in addition to their offices in Switzerland, the UK, Luxembourg, Malta and the Channel Islands. Following the IPO in April 2017, the Group has been keen on gaining a foothold in important financial centres around the world.

Commercial Director of KOMPAS Guido Wagenaar is glad they now officially join PraxisIFM. 'We have a vision for our services that we can realise that much faster now that we are part of such a strong organisation. We in turn add value with our global network and experience. I am excited about the possibilities we can explore in the next few years.'

The date of the official brand change of KOMPAS International to PraxisIFM Netherlands will be announced in due time.